Investors & landlords

Thanks for your reply. What is the following then?
Here are the rules you need to meet to take this election:
 - Your gross receipts, including all your other income, are $10,000,000 or less.
 - Your eligible building has an unadjusted basis of $1,000,000 or less.
 - The cost of all repairs, maintenance and improvements is less than or equal to the smallest of these limits:

2% of the unadjusted basis of your building or
$10,000